IHCL Q1 profit rises 21% as domestic travel boosts RevPAR; signs 20 hotels
Taj owner IHCL reported Q1 FY27 net profit of ₹358 crore, up 20.8% year on year, as like-to-like RevPAR rose 14% on wedding and holiday demand. Revenue grew 14.6% to ₹2,339 crore; the company opened 11 hotels and retained its double-digit FY27 growth outlook.
What happened
Indian Hotels Company Ltd (IHCL) · IHCL’s Q1 FY27 profit rose 20.8% to Rs 358 crore as domestic wedding and holiday demand lifted RevPAR 14%. The Tata
Key facts
- Consolidated net profit: Rs 358 crore, up 20.8% YoY
- Revenue from operations: Rs 2,339 crore, up 14.6% YoY
- EBITDA: Rs 673 crore, up 16.8% YoY
- EBITDA margin: 28.8%, versus 28.2% a year earlier
- Like-to-like RevPAR: up 14%
- 20 hotel signings in Q1
- Overall portfolio: 645 hotels
- Pipeline: 263 hotels
- 11 hotel openings in Q1
- Operating portfolio: over 380 hotels
- 17 of 20 signings across Gateway, Ginger and Tree of Life
- Taj reached 150 hotels
- FY27 guidance: double-digit revenue growth
Why this matters
With 20 hotels signed and 11 opened in Q1, IHCL is accelerating its pipeline conversion and expanding its network while domestic travel demand remains strong.
What to watch
- Quarterly like-for-like RevPAR split between occupancy and average daily rate growth.
- Guidance on FY27 revenue, EBITDA margin and same-store RevPAR after the strong Q1 base.
- Conversion pace, geographic mix and ownership model of the 20 signed hotels.
- Net room additions versus broader Indian luxury and upper-upscale hotel supply additions.
- Wedding calendar, corporate travel/MICE bookings and domestic airline capacity trends.
- International inbound travel recovery and foreign-exchange trends affecting overseas guest demand.
- Employee, food, utility and renovation costs relative to room-rate increases.
- Accelerate conversion of the 20 signed hotels into openings, with emphasis on asset-light management and franchise contracts.
- Use strong Taj pricing and loyalty demand to protect ADR while selectively filling shoulder-season occupancy.
- Prioritize wedding, MICE and premium leisure packages to extend high-yield domestic demand beyond holiday peaks.
- Deploy cash toward selective acquisitions, renovations and brand expansion while avoiding balance-sheet-heavy growth.
- Increase hiring, training and procurement discipline to prevent wage and operating-cost inflation from diluting RevPAR-led margin gains.